Bank of America

Matador Resources Company Announces Commencement of Public Offering of Common Stock

Retrieved on: 
Monday, March 25, 2024
Oil, Gas, Energy, Bullfighter, BofA Securities, Sale, Bank of America, Security (finance)

Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has commenced an underwritten public offering of 5,250,000 shares of its common stock.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has commenced an underwritten public offering of 5,250,000 shares of its common stock.
  • Matador intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, the funding of acquisitions and the repayment of borrowings outstanding under Matador’s revolving credit facility.
  • J.P. Morgan and BofA Securities are acting as the underwriters for the offering.
  • When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov or by sending a request to:

Crescent Energy Announces Expiration and Results of Its Tender Offer for Its 7.250% Senior Notes Due 2026

Retrieved on: 
Tuesday, March 26, 2024
Energy, Other Energy, Oil, Gas, BofA Securities, CE, Sale, Tender offer, Note, Bank of America, Tender, Debt-to-GDP ratio, Security (finance)

The settlement date for Notes tendered pursuant to guaranteed delivery procedures is expected to be March 28, 2024.

Key Points: 
  • The settlement date for Notes tendered pursuant to guaranteed delivery procedures is expected to be March 28, 2024.
  • CE Finance’s obligation to accept and pay for the tendered Notes is conditioned on, among other things, the closing of the offering of the New Notes (the “Notes Offering”).
  • CE Finance has retained BofA Securities to serve as the exclusive Dealer Manager for the Tender Offer.
  • This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the Tender Offer and does not constitute a notice of redemption for the Notes.

Matador Resources Company Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Tuesday, March 26, 2024
Oil, Gas, Energy, Bullfighter, BofA Securities, Sale, Bank of America, Security (finance)

Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has priced an underwritten public offering of 5,250,000 shares of its common stock.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has priced an underwritten public offering of 5,250,000 shares of its common stock.
  • The total estimated gross proceeds of the offering, before estimated offering fees and expenses, are approximately $347.3 million.
  • The offering is expected to close on or about March 27, 2024, subject to customary closing conditions.
  • J.P. Morgan and BofA Securities are acting as the underwriters for the offering.

Reddit Announces Pricing of Initial Public Offering

Retrieved on: 
Wednesday, March 20, 2024
Media, Communications, Social Media, Citigroup, BofA Securities, JMP, J. P. Morgan, Goldman Sachs, Telephone, Sale, Attention, Security (finance), Prospectus, Bank of America, Broadridge Financial Solutions, MUFG, Varick Street, Deutsche Bank

Reddit, Inc. (“Reddit”) today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share.

Key Points: 
  • Reddit, Inc. (“Reddit”) today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share.
  • Reddit will not receive any proceeds from any sale of shares by the selling stockholders.
  • In addition, Reddit has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.
  • Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan, and BofA Securities are acting as lead book-running managers for the offering.

Nortech Systems Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 20, 2024
Other Manufacturing, Technology, Engineering, Aerospace, Manufacturing, Health, Electronic Design Automation, General Health, Data Management, GAAP, Bank of America, Webcast, Bank, Investment, Information technology, Environment, IPC

Fourth quarter 2023 GAAP net income included a non-cash tax benefit of $2.6 million related to the release of a previously established tax valuation allowance in alignment with the Company’s historical and projections of future taxable income.

Key Points: 
  • Fourth quarter 2023 GAAP net income included a non-cash tax benefit of $2.6 million related to the release of a previously established tax valuation allowance in alignment with the Company’s historical and projections of future taxable income.
  • For the full year 2023, gross profit totaled $23.1 million, or 16.6%, compared with gross profit of $20.5 million, or 15.3%, in the prior year.
  • In 2023 operating expenses totaled $17.2 million, a 3.4% increase from the prior year operating expenses of $16.6 million.
  • In 2023 EBITDA totaled $8.0 million, a 38.2% increase from EBITDA of $5.8 million in the prior year.

Carnegie Mellon University Master of Software Engineering Program Partners with Retail Technology Platform Surefront

Retrieved on: 
Wednesday, March 20, 2024
Software, Engineering, Technology, Supply Chain Management, University, Education, Manufacturing, Retail, Bank of America, CRM, Computer science, Associate, Partnership, Bank, Research, Bloomberg, CMU, Student, NASA, PIM, Master, Software engineering, Carnegie Mellon University, PLM, School, Management

Surefront , the retail industry’s only platform that unifies PLM, PIM and CRM solutions, today announced a multi-year and multi-program partnership with Carnegie Mellon University’s (CMU) Master of Software Engineering (MSE) and Masters in Human-Computer Interaction (MHCI) programs.

Key Points: 
  • Surefront , the retail industry’s only platform that unifies PLM, PIM and CRM solutions, today announced a multi-year and multi-program partnership with Carnegie Mellon University’s (CMU) Master of Software Engineering (MSE) and Masters in Human-Computer Interaction (MHCI) programs.
  • Surefront has worked closely with CMU’s Master of Software Engineering and School of Computer Science programs nearly every year since 2016.
  • CMU’s Master of Software Engineering program celebrated the partnership with Surefront by dedicating a classroom on their campus to the company.
  • “The success of Surefront in this partnership brings further visibility to Carnegie Mellon University’s rich history of innovation and software development.”
    To learn more about Surefront, please visit Surefront.com .

Moove secures USD $100 million Series B round

Retrieved on: 
Tuesday, March 19, 2024
Software, EV, Electric Vehicles, Professional Services, Hardware, Fleet Management, Fintech, Data Management, General Automotive, Technology, Automotive, Other Automotive, Finance, Other Technology, EVS, Partnership, Entrepreneurship, BofA Securities, Investment, Uber, Bank of America, Ecosystem

Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, today announces that it has raised $100 million in a Series B funding round, valuing the company at $750m.

Key Points: 
  • Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, today announces that it has raised $100 million in a Series B funding round, valuing the company at $750m.
  • Uber invested in the round alongside Mubadala, who led Moove’s previous funding round in 2023.
  • The round will enable Moove to expand its customer focused revenue-based vehicle financing offering to 16 markets around the world by the end of 2025.
  • When we founded Moove in 2020, we were motivated to solve the acute shortage of vehicle financing that over two million African mobility entrepreneurs faced.

Summit Partners Announces Promotions and Additions to Global Investment Team

Retrieved on: 
Tuesday, March 19, 2024
Banking, Asset Management, Professional Services, Finance, Bank of America, Digital marketing, Partner, Culture, Hanyin County, UBS, Norwest Venture Partners, Digital, QAD, George Washington University, Software Advice, Telecommunications, Bank, Software, Harvard Business School, Health care, Master of Science, HEC, MBA, Marketing, Babson College, Advertising, Summit Partners, Gartner, Economics, Lever, Hautes Études Commerciales

Summit Partners, a leading alternative investment firm, today announced the promotion of three professionals and the addition of one new Principal across the firm’s global offices.

Key Points: 
  • Summit Partners, a leading alternative investment firm, today announced the promotion of three professionals and the addition of one new Principal across the firm’s global offices.
  • “We are very pleased to recognize the performance of these three colleagues with well-earned promotions,” said Peter Chung , Managing Director and Chief Executive Officer of Summit Partners.
  • Prior to Summit, Hanyin worked on the Technology, Media and Telecommunications Group at UBS Investment Bank.
  • Prior to Summit, Cody was a partner at Lever & Dial, an investment and advisory firm dedicated to helping growth companies scale with world-class marketing.

New iPipeline Technology Enables the Financial Industry to Seamlessly Track the Status of Clients’ Annuity Applications--in Real-Time

Retrieved on: 
Monday, March 18, 2024
Professional Services, Data Management, Technology, Insurance, Software, Finance, Fintech, Spend, Bank of America, Uncertainty, Conference, Communication, Nigo, Digital, Bank, IRI, Product management, Financial adviser

Once orders are submitted to a carrier, broker-dealers, financial institutions, and wealth management firms have traditionally been unable to successfully and confidently monitor their annuity orders.

Key Points: 
  • Once orders are submitted to a carrier, broker-dealers, financial institutions, and wealth management firms have traditionally been unable to successfully and confidently monitor their annuity orders.
  • Seamlessly make any necessary adjustments during every step of the process – from monitoring and notifying to updating and fixing annuity orders–with OneView tools.
  • Experience a simplified workflow that uses industry standardized status labels for improved communication and reduced uncertainty.
  • *OneView is the first to the market with a multi-carrier solution utilizing newly defined standards for carrier status which was developed by an industry status working group.

Crescent Energy Announces Tender Offer for Its 7.250% Senior Notes due 2026

Retrieved on: 
Tuesday, March 19, 2024
Energy, Other Energy, Oil, Gas, BofA Securities, CE, Sale, Tender offer, Bank of America, Crescent, Tender

Crescent Energy Finance LLC, a Delaware limited liability company and a wholly owned subsidiary of Crescent Energy Company (NYSE:CRGY), is the issuer of these securities.

Key Points: 
  • Crescent Energy Finance LLC, a Delaware limited liability company and a wholly owned subsidiary of Crescent Energy Company (NYSE:CRGY), is the issuer of these securities.
  • Additionally, CE Finance intends to redeem any Notes that are not repurchased in the Tender Offer on May 1, 2024.
  • Crescent intends to use the net proceeds of the Notes Offering, together with borrowings under Crescent’s revolving credit facility, if needed, to fund the purchase of the Notes in the Tender Offer and to redeem any of the Notes outstanding after completion of the Tender Offer.
  • This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the Tender Offer and does not constitute a notice of redemption for the Notes.